Media Center Archives - National Consumer Law Center

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

Stephen Rouzer2022-07-27T14:16:31-05:00July 27, 2022|Categories: Media Center, Student Loans|

July 27, 2022 Impossibility of Navigating Student Loan System While Behind Bars Poses Massive Risks to Administration's Recent Pell and Fresh Start Proposals WASHINGTON — Today, the Student Borrower Protection Center and National Consumer Law Center released a first-of-its-kind report examining the intersection of two social justice crises long in the making—the student loan debt [...]

Advocates Call for Continued Pause on Student Loan Payments As Families Face Record Inflation and Biden Weighs Action to Cancel Student Debt

Michelle Deakin2022-06-30T13:25:07-05:00June 30, 2022|Categories: Media Center|Tags: Press Release, Student Loans|

June 30, 2022 176 Organizations Representing Students, Workers, People of Color, and Faith Communities Demand: “People with Student Debt Cannot be Required to Make Payments Toward Loans You Promised to Cancel.” WASHINGTON, D.C. — Today, 176 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions of borrowers [...]

In Evaluating TAB Bank, FDIC Should Consider Consumer Harm, Possible Legal Violations, from Predatory Lending

Michelle Deakin2022-06-30T10:08:56-05:00June 30, 2022|Categories: Media Center|Tags: Press Release|

June 30, 2022 On the eve of FDIC’s Community Reinvestment Act examination of TAB Bank, advocates file petition with 44,500+ signatures and analysis of consumer complaints showing deception, debt collection and credit reporting harms from loans up to 189% WASHINGTON – Today a coalition of consumer advocates filed comments with the Federal Deposit Insurance Corporation [...]

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

Michelle Deakin2022-06-28T13:03:30-05:00June 28, 2022|Categories: Media Center|Tags: CFPB|

June 28, 2022 CFPB Interpretive Rule Clarifies that Scope of Federal Preemption is Narrow and Targeted BOSTON – Today, advocates at the National Consumer Law Center commended the Consumer Financial Protection Bureau for affirming the authority of states to regulate credit bureaus, tenant screening companies, and background check agencies, with only limited restrictions. The CFPB [...]

NCLC Advocates Praise Proposed Settlement in Sweet v. Cardona

Michelle Deakin2022-06-23T12:09:04-05:00June 23, 2022|Categories: Media Center|Tags: Student Loans|

June 23, 2022 Settlement may restore faith in borrower defense process, though barriers to relief remain WASHINGTON – Today advocates from the National Consumer Law Center applauded the proposed settlement agreement in the class action lawsuit Sweet v. Cardona, which challenged the U.S. Department of Education’s failure to provide timely decisions on borrower defense applications [...]

50-State Survey: State Predatory Lending Laws Show Significant Changes

Michelle Deakin2022-06-22T09:01:18-05:00June 22, 2022|Categories: Media Center, Uncategorized|

June 22, 2022 NCLC’s Review of State Consumer Protection Laws Sees States Gaining, Losing Protections for Popular $2,000 Two-Year and $500 Six-Month Installment Loans WASHINGTON – A new report from the National Consumer Law Center finds progress toward a 36% APR cap for common short-term and longer-term loans in some states. In states that allow [...]

U.S. Consumers Will Save $30 Billion with Proposed Residential Gas Furnace Standards

Stephen Rouzer2022-06-13T15:03:18-05:00June 13, 2022|Categories: Media Center|Tags: Energy, Utilities|

June 13, 2022 Resistance by Gas Utilities Has Not Allowed for a Meaningful Update to Furnace Standards in 35 Years Today, national consumer groups hailed the release of the Department of Energy’s proposal to increase energy efficiency standards for residential furnaces as a crucial step toward saving consumers at least $30.3 billion on their energy [...]

Report: Student Debt Cancellation Will Help Fix Broken Student Loan System, Close Racial Wealth Gap

Stephen Rouzer2022-06-09T14:11:05-05:00June 8, 2022|Categories: Media Center|Tags: Racial Justice, Student Loans|

June 8, 2022 A new report from CLASP and NCLC explores debt cancellation and other measures to reduce the harmful impact of disproportionate student loan debt on Black borrowers WASHINGTON – A new report from the Center for Law and Social Policy (CLASP) and the National Consumer Law Center (NCLC) highlights the disproportionate impact of [...]

NCLC Advocates Applaud the Department of Education’s Decision To Cancel Corinthian College Students’ Federal Student Loan Debts

Michelle Deakin2022-06-02T08:16:46-05:00June 2, 2022|Categories: Media Center|Tags: Student Loans|

June 2, 2022 WASHINGTON – Today, the U.S. Department of Education announced that it would cancel the federal student loans of over 560,000 people who attended Heald College, Everest Institute, or WyoTech, schools owned by the shuttered for-profit Corinthian Colleges. Kyra Taylor, staff attorney at the National Consumer Law Center, praised this decision and said: [...]

New Report Warns Scam Robocalls Will Continue As Long As Telephone Providers Can Rake in the Profits

Stephen Rouzer2022-06-01T09:31:55-05:00June 1, 2022|Categories: Media Center|

June 1, 2022 Telephone service providers profit from more than a billion scam robocalls a month placed to U.S. telephone subscribers WASHINGTON – A new report from the National Consumer Law Center (NCLC) and the Electronic Privacy Information Center (EPIC) finds that the tens of millions of daily scam robocalls designed to steal money from [...]

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